BUSINESS
16th Finance Commission may recommend on harmonisation of urban local body accounts: Panagariya
"Some progress was made by the 15th Finance Commission, and hopefully, we will try and make more progress. It is a recognised problem."
BUSINESS
India can leverage trade talks with US for better market access and reciprocal tariff cuts: Panagariya
"Improved access to the US market, particularly in the textile and clothing sectors, could provide significant benefits to Indian exporters. India can ask the US for reciprocal tariff reduction as well and get better access for our exports."
BUSINESS
India’s $9.5 trillion future within reach: Finance Commission Chairman Arvind Panagariya
The growth rate needed for per capita income growth is 7.3 percent to achieve $14,000 by 2047. With India’s per capita income in 2023-24 standing at $2,570, Panagariya emphasised that there is substantial room for further increase.
BUSINESS
Govt to leverage Digital India databases for improved data collection, processing, says Sitharaman
The move signals a broader effort to enhance the collection, processing, and management of statistics for improved fiscal transparency and governance.
BUSINESS
Meet the new Sebi Chief who was instrumental in Air India sale, LIC IPO
Tuhin Kanta Pandey, a seasoned bureaucrat, takes over as SEBI Chairperson, succeeding Madhabi Puri Buch.
BUSINESS
Investment demand slows slightly to 5.7% in Q3 FY25
The share of investment in GDP slowed marginally to 33.4 percent in 2024-25 so far.
ECONOMY
India needs to grow at 7.8% to be high-income nation by 2047: World Bank
Realising this ambitious target of Viksit Bharat will require comprehensive and sustained reforms, the World Bank has said, adding fiscal consolidation should be gradual and not aggressive
MARKETS
Next Sebi head unlikely to be from private sector, Centre keen on govt official: Sources
The government has received several applications for the post of SEBI Chief and is likely to go with a current or a former bureaucrat.
BUSINESS
Bilateral arrangements are going to be the order of global trade, says Nirmala Sitharaman
If multilateral institutions are not effective, there is need to rethink the idea of 'most favoured nation' , she has said
BUSINESS
FinMin sees growth rate of 6% as 'decent' for slower years
Given that a growth rate of 8-9 percent is more episodic than consistent for most economies, India aims for at least above 6 percent growth for most years, a senior official has said
BUSINESS
Govt moves Calcutta HC to revive Bengal Chemicals' strategic sale
In the past, court rulings have stalled privatisation efforts despite the PSU’s return to profitability.
BUSINESS
India may push for more farm, textile exports in trade deal with US
The bilateral trade deal is expected to protect agriculture, textiles, aluminium and steel industries from ‘reciprocal’ tariffs threatened by Donald Trump
BUSINESS
Tesla’s India entry: Govt. may prioritise role in global EV supply chain
Tesla will commence its India rollout in the next couple of months with imported EVs, and is unlikely to have any local manufacturing component to begin with. Instead, the government may seek to integrate India into Tesla’s global value chain.
BUSINESS
After the big Income Tax Act overhaul, the grunt work begins by CBDT
The CBDT has begun the work of redoing all forms, the rule book will be simplified, redundancies done away with.
BUSINESS
Higher personal income tax collections could bolster direct tax collections by Rs 13,000 cr for FY25
The stronger-than-anticipated direct tax inflows provide the government with additional fiscal room.
BUSINESS
Scheme for first-time entrepreneurs expected to generate 25 lakh jobs: Govt
The scheme will provide term loans ranging from Rs 10 lakh to Rs 2 crore for greenfield enterprises, enabling first-time entrepreneurs to access formal credit through banks.
BUSINESS
Hyundai, Skoda likely to invest under India’s EV scheme; Tesla, VinFast yet to respond
The government is likely to release detailed guidelines for the Centre’s Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) by February-end.
BUSINESS
Insurance FDI: Guardrails being put in place to ensure investments, profits stay in India, says FM
The finance minister has said the government’s focus has not shifted from capital expenditure to consumption expenditure
BUSINESS
NaBFID may take Rs 5,000 crore credit exposure through infra bonds
NaBFID has sought a relaxation in capital requirement norms from the Reserve Bank of India (RBI) to enable an efficient rollout of the PCE facility.
BUSINESS
FM says overvalued currencies erode nation’s export competitiveness
Recently, RBI Governor Sanjay Malhotra attributed rupee's depreciation mostly to tariff announcements by US President Donald Trump and global uncertainties.
BUSINESS
New Income Tax Bill simplifies language, eases compliance: Experts
According to experts, the new bill, which seeks to replace replace the six-decade old Income Tax Act, 1961, doesn't make any changes to direct taxes in terms of levies but does offer a more readable, simpler piece of legislation
BUSINESS
New I-T bill slashes sections by over 42% to 536 for easier compliance
In tax legislation, sections are individual provisions that outline specific rules, obligations or rights, and serve as the building blocks of the statute, covering specific aspects like tax incidence and compliance procedures.
BUSINESS
New Income-Tax Bill to replace 'assessment year' with 'tax year’ , make compliance easier
Tax year, which will run from April 1-March 31, will be the period during which income is earned and reported
BUSINESS
New Income-Tax bill to provide clearer definition of online games
The Income Tax Bill, 2025 defines 'online game' as any game offered on the internet and accessible through a computer or telecom device.
